Rachel Reeves’ Autumn Budget is out, but how will young people cope with the new cash ISA limit, pension caps, and extended tax freezes? We break down every key consequence.

Everything young people need to know about Rachel Reeves' 2025 Budget and how they may be affected

The freeze on the personal income tax allowance will be extended until the end of the 2030/31 financial year. This means that as wages rise, more workers will be pulled into paying income tax, resulting in a stealth tax increase for millions.

The annual limit for saving into a Cash Individual Savings Account (ISA) is being cut from £20,000 to just £12,000 for younger savers. This reform aims to encourage investment, but it restricts the amount of tax-free cash savings young people can accumulate.

The existing Soft Dri

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